SPECIAL ECONOMIC ZONE

A special economic zone (SEZ) is an area in

which the business and trade laws are
different from the rest of the country.

The term special economic zone can include:[1][8]

 Free-trade zones (FTZ)
 Export processing zones (EPZ)
 Free zones/ Free economic zones (FZ/ FEZ)
 Industrial parks/ industrial estates (IE)
 Free ports
 Bonded logistics parks (BLP)
 Urban enterprise zones

 FREE TRADE ZONE :

The World Bank defines free trade zones as
"in, duty-free areas, offering warehousing,
storage, and distribution facilities for
trade, transshipment, and re-export operations.
 SPECIAL ECONOMIC ZONE
 EXPORT PROCESSING UNIT :

An export-processing zone (EPZ) is a specific

type of FTZ, set up generally in developing
countries by their governments to promote
industrial and commercial exports. According to
the World Bank, "an export processing zone is
an industrial estate, usually a fenced-in area of
10 to 300 hectares, that specializes in
manufacturing for export. It offers firms free
trade conditions and a liberal regulatory
environment. Its objectives are to attract foreign
investors, collaborators, and buyers who can
facilitate entry into the world market for some
of the economy's industrial goods, thus
generating employment and foreign exchange

 FREE ECONOMIC ZONE :

Free economic zones (FEZ), free economic

territories (FETs) or free zones (FZ) are a class
of special economic zone (SEZ) designated by
the trade and commerce administrations of
various countries. The term is used to designate
areas in which companies are taxed very lightly
 SPECIAL ECONOMIC ZONE
or not at all to encourage economic activity.
Some special economic zones are called free
ports.

 INDUSTRIAL DEVELOPMENT:
An industrial park (also known
as industrial estate, trading estate) is an
area zoned and planned for the purpose
of industrial development. An industrial
park can be thought of as a more
"heavyweight" version of a business
park or office park, which has offices
and light industry, rather than heavy
industry.

 BONDED LOGISTICS GOWDOWN:

A bonded logistics park is a type of special

economic zone. Trade arrangements are similar
to that of a bonded warehouse but over a
specific geographic area. Sometimes with
international port capabilities.[1] Goods may be
stored, manipulated, or undergo manufacturing
operations without payment of duty.